Amilpar - 2010 Consolidated Revenues Grow by 56% and EBITDA Increases by 64%
Published: Mar 23, 2011
RIO DE JANEIRO, March 22, 2011 /PRNewswire/ -- AMIL PARTICIPACOES S.A. (BM&FBovespa: AMIL3; Bloomberg: AMIL3 BZ; Reuters: AMIL3.SA), the largest healthcare company in Brazil, announced today its consolidated results for December 31, 2010, in accordance with Brazilian corporate law and the ANS account chart.
- The number of Amil's members increased by +13.3% in 2010, while those of Medial fell by -14.1% due to the contract renegotiations process. Totalconsolidated membership stood at 5,309.7 thousand at the close of 2010, 3.4% up on the end of 2009 and approximately 2.7% more than in 3Q10.
- Adjusted Operating Revenues totaled R$ 2,058.4 million in 4Q10, 41.4% up year-on-year (with one month of Medial only in 4Q09) and 3.5% more than the previous quarter. Annual revenues came to R$ 7,821.7 million, 56.0% higher than in 2009 (also with only one month of Medial).
- Adjusted EBITDA amounted to R$ 176.2 million in 4Q10 (8.6% margin), 80.2% or 1.9 p.p. up on 4Q09, and R$ 605.9 million (7.7% margin) in the FY10, a 64.2% increase over the year before, underlining the Company's capacity to turn around Medial's loss-making operation (impacting only one month in 2009).
- Accounting Net Income totaled R$ 131.7 million in 2010, 27.4% up on the previous year. Based on this amount, was proposed the payment of R$ 40 million in dividends, subject to the Annual Shareholders' Meeting approval.
To access the Earnings Release full version visit our website at www.amilpar.com.br/ir
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Amil Participacoes S.A. is the largest managed care organization in Brazil, according to the ANS, currently assisting over 5 million members in the states of Sao Paulo, Rio de Janeiro, Parana, Minas Gerais, Pernambuco, Bahia and in Distrito Federal.